Vietnam Data Centre Market Report and Forecast 2025-2034

The Vietnam data centre market reached approximately 162.40 MW in 2024. The market is projected to grow at a CAGR of 7.60% between 2025 and 2034, reaching a volume of around 337.84 MW by 2034.

Vietnam Data Centre Market Growth

Vietnam is experiencing significant investments in the IT and telecom sectors, resulting in the establishment of new data centres. The digital transformation of Vietnam is being significantly driven by the telecommunications sector. The information and communications technology (ICT) sector, including telecommunications, is projected to grow at a CAGR of around 1 per cent from 2021 to 2027. The sector is expected to expand further due to the increased demand for internet and telecommunication services, resulting from the digital transformation of businesses. In 2021, there were 71 million mobile broadband subscribers and nearly 19 million fixed band subscribers, representing a 4 per cent and 14.6 per cent year-on-year increase, respectively.

The use of cloud computing services is increasing in Vietnam, leading to the expansion of data centres to accommodate these services. Vietnam's cloud computing market is smaller than that of the Philippines and Indonesia, but it is experiencing the highest growth rate in Southeast Asia and is ranked third in Asia. Moreover, the rise of big data analytics and Internet of Things (IoT) applications requires extensive data storage and processing capabilities, consequently leading to market expansion. The market in Vietnam is dominated by four key domestic providers - Viettel, VNPT, FPT, and CMC - collectively holding around 97% of the market share.

Vietnam Data Centre Industry Segmentation

“Vietnam Data Centre Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Component

Solution
Services

Market Breakup by IT Infrastructure

Network
Server
Storage

Market Breakup by Type

Cloud Data Centre
Colocation Data Centre
Enterprise Data Centre
Hyperscale Data Centre
Others

Market Breakup by Construction

New Data Centre
Rebuild Data Centre

Market Breakup by Industry

BFSI
Healthcare
Government and Defence
Manufacturing
IT and Telecom
Retail
Energy
Others

Market Breakup by Region

Southeast
Red River Delta
Mekong River Delta
South Central Coast
Others

Vietnam Data Centre Market Share

Based on the construction, the market is segmented into new data centre and rebuild data centre. New data centres are projected to grow at a CAGR of 8.7% between 2025 and 2034. The demand for new data centres is being driven primarily by the global push towards digitalisation across various sectors. Strong data centre infrastructure is becoming more and more necessary as businesses move to digital platforms and cloud-based solutions.

Leading Companies in the Vietnam Data Centre Market

The market players are focusing on high-performance computing and the adoption of the latest technologies to gain a competitive edge.
CMC Telecom
FPT Telecom JSC
CHT Company Limited
VNPT Group
KDDI Corporation
Others

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